a: US government ~
b: Bank of Planet Earth
What:
"So the national debt isn't really like a credit card, it's more like a savings account, and the US government is the Bank of Planet Earth. The US government pays interest on your savings with them, with the understanding that they can use your money for whatever they want, as long as they pay back on time."
A nice discussion of US government debt.
Useful?
Writer: ReveilledSA
LCC:
Where:
Date: Jul 22 2016 3:53 PM
# 10128 Critique Analogy